Karachi, Pak Datacom Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on November 04, 2019 at Islamabad. The agenda of the meeting will to consider the Annual Audited Accounts for the period ended July 01, 2019 to June 30, 2019.
Further, the company has declared the closed period from October 28, 2019 to November 04, 2019.
Pak Datacom Ltd. is a subsidiary of Telecom Foundation, which has an equity share of 55%, whereas 45% investment in the company is made by general public and foreign investors.
Established in November 1991, Telecom Foundation is a self-supporting entity with assets exceeding Rs.1 billion and an annual turnover of Rs.2 billion is the holding company of Pak Datacom Ltd.
Pak Datacom Ltd. was incorporated as a private limited company in July 1992 and was subsequently converted into public limited company in June 1994. The testing of the network and related system started in April 1994 and commercial operations commenced in July 1994.
The symbol “PAKD” is being used by the stock exchange for the shares of Pak Datacom Limited.